Nitin Spinners Q1 FY '26: Revenue Short of INR800 Crores Due to Global Market Uncertainty and Lower Cotton Prices

Nitin Spinners Limited's revenue fell short of the INR800 crores mark in Q1 FY '26 due to lower yarn prices in line with lower cotton prices and reduced export demand. The textile industry is currently in a transient phase with global procurement and overall shipments being slower than expected. The U.S. government has announced 25% tariffs on imports from India, but Nitin Spinners, with limited direct exposure to the U.S. market, does not anticipate a significant impact. The company is focusing on value-added products, optimum utilization of capacities, and cost efficiencies to withstand challenges and capitalize on opportunities. Nitin Spinners is also progressing on capital investment plans and increasing its renewable power footprint to strengthen market positions and lower production costs.